Transactions through some mutual fund distributors and compliance with the SEBI circular on AML

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....utual Funds (AMFI) Dear Sir, Sub: Transactions through some mutual fund distributors and compliance with the SEBI circular on AML 1. In terms of the SEBI master circular ISD/AML/CIR-1/2008 dated December 19, 2008 issued to all registered intermediaries on "Anti Money Laundering (AML) Standards/Combating Financing of Terrorism (CFT) / Obligations of Securities Market Intermediaries under P....

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..../CIR-1/2008 dated December 19, 2008 issued by SEBI is applicable to the Mutual Funds/ AMCs and hence maintaining all the documentation pertaining to the unitholders/investor is the responsibility of the AMC. 4. You are, therefore, advised to confirm whether all the investor related documents are maintained/ available with you. If not, and to the extent of and relating to such investor accounts/....

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....plicate copy. e. Set up a separate customer services mechanism to handle/ address queries and grievance of the above mentioned unitholders. 5. Pending completion of documentation, exercise great care and be satisfied of investor bonafides before authorizing any transaction, including redemption, on such accounts / folios. 6. The trustees shall forthwith confirm to SEBI that the step....